Binance Lists Renzo (REZ) on Binance Launchpool

Binance is pleased to announce the 53rd project on Binance Launchpool – Renzo (REZ), a liquid restaking protocol.

Users will be able to stake their BNB and FDUSD in separate pools to farm REZ tokens for 6 days, with farming starting from 2024-04-24 00:00 (UTC).

Subsequently, Binance will list REZ on 2024-04-30 12:00 (UTC) and open trading with REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY trading pairs. The Seed tag will be applied to REZ.

Register for a Binance account here.

Introduction to Renzo and Launchpool REZ

The Renzo Protocol is a Liquid Restaking Token (LRT) platform developed based on EigenLayer’s restaking, making it easy for users to earn profits. The protocol allows users to access the EigenLayer ecosystem easily, ensuring the safety of verified Actively Validated Services and providing higher yields than staking ETH.

• Token Name: Renzo (REZ)
• Token Supply: 10,000,000,000 REZ
• Launchpool Token Reward: 250,000,000 REZ (2.5% of the total maximum token supply)
• Initial Circulating Supply: 1,050,000,000 REZ (10.50% of the total maximum token supply)
• Smart Contract Details: Ethereum
• Staking Requirement: KYC required
• Hard Hourly Limit per User:
  • 147,569.44 REZ in the BNB pool
  • 26,041.67 REZ in the FDUSD pool

Related: What is Binance Megadrop? Guide to Using Megadrop

Supported Pools:

• BNB Staking (website will be available within approximately 5 hours): 212,500,000 REZ rewards (85%)
• FDUSD Staking (website will be available within approximately 5 hours): 37,500,000 REZ rewards (15%)
• Farming Time: From 2024-04-24 00:00 (UTC) to 2024-04-29 23:59 (UTC).